OFFERING MEMORANDUM 3425 W COLFAX AVE KEVIN WOOLSEY InvestmentDENVER, Advisor CO 80204 [email protected] 303.990.4361

ANTHONY BOBAY TRAVIS HODGE Investment Advisor Sr. Investment Advisor

[email protected] [email protected] 720.297.6667 404.259.8171 TABLE OF CONTENTS

• EXECUTIVE SUMMARY

•LOCATION OVERVIEW 01 EXECUTIVE SUMMARY BUILDING DETAILS

Zoning: C-MS-8

Parcel Size: 11,875 SF

Max Height: 110"

Existing Building SF: 1,900 SF

Existing Use: Car Wash

List Price: $1,300,000 SITE List Price per SF: $109 OVERVIEW

ALLOWABLE USES

1 Residential (For Rent)

2 Residential (For Sale)

3 Office

4 Mixed Use

5 Hospitality

6 Retail DEVELOPMENT HIGHLIGHTS

3 blocks to Sloan’s Lake Park.

2 Blocks from light rail station.

In Opportunity Zone.

Great visibility along Colfax Ave.

Easy access to downtown, Mile High Stadium, and many other major entertainment venues. W CONEJOS PL

AREA KING ST

STREET 3425 W COLFAX AVE MAP

W COLFAX AVE NEIGHBORHOOD DESCRIPTION

The historic neighborhood known as Sloan’s Lake is seeing major redevelopment and economic growth after the redevelopment of St Anthony’s Hospital and other initiatives in recent years. The neighborhood is an epicenter for urban renewal with the redevelopment of the old St Anthony’s Hospital location into the Sloan’s Lake entertainment area, the addition of Edgewater Public Market and the Mile High Redevelopment plans creating a lively, walkable, and amenity rich community. To the south of the lake, many new restaurants, breweries, the new Alamo Drafthouse are helping to fill the dearth of entertainment options in the area. Only a few blocks away, residents enjoy easy access to the light rail providing great access to employment and entertainment options in both Downtown Denver and theGolden area.

NEIGHBORHOOD MAP

JEFFERSON PARK SLOAN’S LAKE PARK HALLACK PARK CRESCENT PARK LAKE MIDDLE SCHOOL

TACOS EL PAISA

#20 BUS

RODOLFO “CORKY” #16 BUS 3425 W COLFAX GONZALES LIBRARY COLFAX AVENUE

PACO SANCHEZ PARK #31 FEDERAL BUS

LAKEWOOD/DRY GULCH PARK RUDE RECREATION CENTER W LINE - KNOX 25 STATION LOCATION MAP

SLOAN DOWNTOWN LAKE DENVER

3425 W COLFAX AVE

W COLFAX AVE.

LAKEWOOD COUNTRY CLUB

SUNKEN GARDENS PARK

WEST-BAR-VAL

WOOD PARK

SHERIDAN BLVD BLVD SHERIDAN SHERIDAN 02 LOCATION OVERVIEW DEMOGRAPHICS

Population 1 Mile 3 Mile 5 Mile 2020 Total Population 24458 231032 495213 2025 Population 26120 246265 524538 Pop Growth 2020-2025 0.068 0.0659 0.0592 Average Age 34.4 36.2 37.1

Households 1 Mile 3 Mile 5 Mile 2020 Total Households 9323 106867 223786 HH Growth 2020-2025 0.0682 0.0695 0.0607

1 MILE Median Household Inc $49,452 $65,016 $66,658 Avg Household Size 2.5 2.1 2.1 2020 Avg HH Vehicles 1 1 2

3 MILE

Housing 1 Mile 3 Mile 5 Mile Median Home Value $477,108 $454,169 $445,029 5 MILE Median Year Built 1958 1964 1961 DENVER GROWTH

Ranked as the top place to live in the U.S. by U.S. News & World Report, the city of Denver is home to over 693,000 residents (as of July 2016). An estimated 2.9 million people live in Denver Metro as a whole, with more people moving to the area each year, as this number is expected to grow by 12.6 percent over the next five years, compared to 3.7 percent nationally. Currently 100+ people are immigrating to the city each day. The Denver Metro accounts for over half of the population in the entire state of Colorado, which is home to an estimated 5.5 million people.

CONSTRUCTION

As one of the fastest-growing metros in the nation, Denver is thriving with new construction. This new construction will help accommodate the population growth throughout the metro. Some current projects include:

17TH & Curtis Street, 360-unit apartment buildings linked to a 9-story office building and 6 story parking structure.

Skyhouse Denver, a 354-unit apartment with street level retail.

Block 162, a full block project that included a 606,500 sq. ft. office tower and separate tower hotel.

Tabor Center Tower Two, a 31 story 700,000 sq. ft. office tower would be the largest development in Denver since 1985.

1144 Fifteenth St, a 40 story office tower with street level retail. DENVER INTERNATIONAL AIRPORT

Denver International Airport (DEN), also known as DIA, opened to the public on February 28, 1995 and at 34,000 acres, remains the largest and newest commercial airport in the United States. It’s known around the world for its striking tented roof structure and technologically advanced operations. Over the past twenty years, DIA has established itself as the primary employer and economic driver in the Denver metro, supporting nearly 190,000 jobs and generating more than $26 billion in annual revenue. Served a record setting 58 Million passengers in 2017.

The airport serves over 170 destinations including 20 international cities in nine countries.

DIA is just 30 minutes from Union Station via the East Rail line. DIA has room to double its current capacity to remain competitive in the growing global aviation marketplace. DIA broke ground in May of 2018 on a $1.8 billion gate expansion project. The project will add 39 gates across all three concourses in the next four years, bringing the total to 150.

The expansion will utilize the airport’s original “telescoping” design by expanding eastward and westward at the ends. The expansion is expected to be completed by the end of 2021.

DIA is among the first airports in North America to secure internationally recognized accreditation for measuring and reducing carbon emissions.

*Some of this information sourced from denverpost.com DENVER METRO

Located on the front range of the Rocky Mountains, the Denver Metro is a thriving urban epicenter famous for its breathtaking views, world-class dining, champion sports teams, exhilarating recreation, and eclectic arts and entertainment. It’s no wonder this metropolis is one of the biggest in the nation! ATTRACTIONS: Denver Art Museum Denver Museum of Nature and Science Denver Zoo Denver Aquarium Six-Flags Elitch Gardens Hyland Hills Water World

Denver Aquarium

SPORTS Basketball: Denver Nuggets Hockey: Colorado Avalanche Football: Denver Broncos Baseball: Colorado Rockies Soccer: Colorado Rapids

*Some of this information sourced from denverpost.com T O DENVER NOTE RNN #1 BEST PLACES TO LIVE (U.S. NEWS & WORLD REPORT 2016)

#1 IN ECONOMIC AMERICA’S BEST & JOB GROWTH PLACE FOR (AREA DEVELOPMENT, 2015) BUSINESS & CAREERS (FORBES, 2015 & 2016) TOP 10 PLACES IN THE U.S. TO TRAVEL 3RD BEST CITY FOR 6TH FASTEST (LONELY PLANET, 2016) COLLEGE GRADS GROWING METRO (RENT.COM, 2015) AREA IN THE U.S. (FORBES, 2016)

3RD HEALTHIEST CITY #1 IN THE NATION FOR IN THE NATION LARGEST INCREASE IN (FORBES, 2016) RESIDENTS WITH COLLEGE DEGREES (U.S. CENSUS BUREAU, 2014) 7TH BEST STATE IN WHICH TO 4TH BEST CITY MAKE A LIVING FOR BIKE RIDING (FORBES, 2016) IN THE U.S. (WALK SCORE, 2015) EMPLOYERS IN THE DENVER METRO

The Denver metro is a hub for various industries, including aviation, health, business, finance, and technology. Outside of city, state, and school services, major employers in the Denver metro area include Denver International Airport, Lockheed Martin, Health ONE Corporation, Centura Health, SCL Health Systems, Comcast, CenturyLink, Kaiser Permanente, Liberty Tax Service, Western Union, University of Colorado, Children’s Hospital, and Wells Fargo. In 2017, Amazon opened up a 1 million sq. ft. fulfillment center in Aurora, creating nearly 1,000 full-time jobs. Google is building a $131 million, four-acre, state-of-the art facility in Boulder, potentially bringing more jobs to the area.

Many companies choose to relocate to or expand in the Denver Metro, especially tech and startup companies. Between 2007-2015, approximately 9,000 companies chose to relocate from California to Denver. These employers are attracted to the innovative culture, economic environment, exceptional talent, and deep sense of social responsibility that characterizes the Denver Metro. Forbes ranks Denver as #1 in the nation for business and careers, and Area Development ranks Denver as #1 in the nation for economic and job growth.

Denver metro is home to many fast-growing startups, with 113 local companies making the Inc. 5000 list of the nation’s fastest-growing private companies for the year 2017.

*Some information was sourced from: https://choosecolorado.com/ LIHT RIL

The Regional Transportation District (RTD) operates 365 days a year to quickly connect travelers to their destination. As part of RTD, the 58-mile rail system features nine rail lines servicing 62 stations along the Denver metro’s North, East, Southeast, Southwest, and West rail corridors.

Popular destinations include:

• Denver International Airport (DIA) • Theatre District • Convention Center • Sports Authority Field at Mile High • Pepsi Center • 16th Street Mall • Park Meadows Mall.

RTD’s rail system has transformed people’s commutes and the communities they live in. The 23-mile stretch from Downtown Denver to DIA is now just a 30-minute ride via light rail. The light rail is also attributed with revitalizing neighborhoods across the Denver metro, including Five Points and West Colfax. An average of 64,000 people utilize the light rail each day, making it eighth-largest system in the country, even though Denver is 21st in the nation in terms of population. SLOAN’S LAKE

Sloans Lake is a body of water, park, and neighborhood located on the northwest side of Denver. Sloan’s Lake is the biggest lake in Denver, and at 177 acres, it’s the city’s second largest park. It’s one of the best parks for catching a sunset, with stunning views of the Rocky Mountains and Denver skyline and know for the Colorado Dragon Boat Festival, that happens every July, which is billed as one of the state’s best.

Bounded by West 26th & West 13th Avenues, Federal and Sheridan, the neighborhood is an epicenter for urban renewal, and the lake isn’t the neighborhood’s only attraction, thanks to a slew of cultural additions. Shops and restaurants have turned part of West 29th Avenue into a walkable strip, while developments like the Lakehouse condo community on the former site of St. Anthony’s Hospital are transforming the area near West Colfax. Many new restaurants, breweries, housing, and the new Alamo Drafthouse theatre and Edgewater Public Martker are all new additions. Residents enjoy easy access to light rail, and the three-mile bike-and-pedestrian path around the lake. Great shopping and restaurants are also close by in the popular Berkeley & Highlands neighborhoods.

With the rapid growth, Sloan's Lake has a corresponding appreciation real estate values: the average price for a single-family home in 2017 was $543,400, compared to the 2009 average of $259,000. NEXUS BROKERS

JASON KOCH ADAM RIDDLE BRANDON KAUFMAN NIK MACCARTER Co-Founder/Principal Co-Founder/Principal Sr. Investment Advisor Sr. Investment Advisor

303.918.8909 303.257.7627 303.547.7357 303.909.2900 [email protected] [email protected] [email protected] [email protected]

AUSTIN SMITH SEAN HOLAMON TRAVIS HODGE ANTHONY BOBAY Sr. Investment Advisor Sr. Investment Advisor Sr. Investment Advisor Investment Advisor

303.868.9096 303.588.2119 404.459.5756 720.297.6667 [email protected] [email protected] [email protected] [email protected]

GUNNAR WILSON BENTON ADAMS PAT KNOWLTON LEE WAGNER JEFF DIMMEN Investment Advisor Investment Advisor Investment Advisor Investment Advisor Investment Advisor Colorado Springs Colorado Springs Colorado Springs 970.306.3787 303.328.5208 [email protected] [email protected] 719.648.0423 417.459.2155 719.459.5756 [email protected] [email protected] [email protected] CONFIDENTIALITY DISCLAIMER

This confidential Offering Memorandum, has been prepared by Nexus Commercial Realty for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Nexus Commercial Realty recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided Nexus Commercial Realty or its brokers.

Nexus Commercial Realty makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Nexus Commercial Realty has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Nexus Commercial Realty and the Owner of the Property. Nexus Commercial Realty make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Nexus Commercial Realty and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further Nexus Commercial Realty and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Nexus Commercial Realty shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.

This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Nexus Commercial Realty at your earliest convenience. 3425 W COLFAX AVE DENVER, CO 80204

ANTHONY BOBAY TRAVIS HODGE Investment Advisor Sr. Investment Advisor [email protected] [email protected] 720.297.6667 404.259.8171